The early adopter who sold their Bitcoins never talked to this woman. The US exchange never did either and had florid disclaimers about investment risks a few pixels below the place where they let you buy Bitcoins on a credit card. The Korean exchange had “regulatory uncertainty”
-
Show this thread
-
Now if you’ve actually followed this you know the industry is in fact crooked as a barrel of fish hooks and features *exactly* the same people (individuals and types) who usually run investment scams, including (I assume without fear of contradiction) in Korea, but it is deniable
2 replies 5 retweets 48 likesShow this thread -
In other news, Bitcoiners write letters to the SEC asking them to approve Bitcoin ETFs so that retail can purchase them in IRAs. That’s a literal thing. The person writing that letter wrote that this would improve prices. That person is the regulatory shock troop of a scam.
1 reply 7 retweets 45 likesShow this thread -
It is kind of amazing that you can create a codebase which births a memeplex which convinces uninvolved humans “I should advocate for this memeplex to the SEC.” That’s the core innovation of the Satoshi scam. We’ll be dealing with variants of it for a thousand years.
2 replies 10 retweets 57 likesShow this thread -
The scam rides on the same rails blazed by startups, having optimized out all value creation in favor of virulency. It learned the right words. It whispered them in the ears of the right people. It found its converts, some for love and some for money and some for the lulz.
4 replies 5 retweets 62 likesShow this thread -
It co-opted our networks, literal and metaphorical. It sifted through our skillsets and applied them, ruthlessly, to the problem of separating people from their money. It asked us to build it the instrumentalities of rapacious avarice and, God help us, we said yes.
2 replies 5 retweets 33 likesShow this thread -
There used to be a line in Silicon Valley "I have watched the smartest minds of my generation whisked off into the borg to optimize ad clicks." That line was intended (unfairly) to be blisteringly critical of Google and Facebook.
1 reply 4 retweets 42 likesShow this thread -
When people say "All the smartest developers in Silicon Valley right now are in crypto", they mean that *as praise.* (They're wrong about that, thank God, but they're far righter about crypto than any other scam vehicle, of which the world has many.)
3 replies 5 retweets 49 likesShow this thread -
And it wasn't just the one scam! No, it was iterated scams, onions of scams where you peeled back a layer and found another scam, scam generating factories, a cottage scam industry, an Internet-born memetic scamception. But it was scams.
3 replies 5 retweets 37 likesShow this thread -
Replying to @patio11
you’re writing poetry, please post this as an essay so it can live on
1 reply 0 retweets 2 likes
-
-
-
*grabs other arm, friendly like*
1 reply 0 retweets 1 like - 2 more replies
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.